Before of prospective federal reserve (fed) announcementtrader sentiment is bullish, and total encryption market Capitalization over 1.18 tons.
Bitcoin, Ethereum Bullish But Gains Lower
Statistics show that the cryptocurrency markets have been making slow gains lately in stay tuned of impending announcement From the Federal Open Market Committee. The data indicates that total market The cap rose 1.47% to $1.18 primarily because some currencies were strong, reversing recent losses.
bitcoin, for For example, fixed up 2.29% in the past 24 hours And trading About 28.7 thousand dollars when writing.
bitcoin price Actions | Source: CoinMarketCap
Reports indicate that the resistance of the currency and support currently It stands at $29.1K and $27.5K, respectively.
Ethereum price work | Source: CoinMarketCap
Meanwhile, ethereum (ETH), and second Largest stablecoin, adding 1.97% on the last day. that it currently trading At a price of 1.8 thousand dollars. ETH is one of The best performer in 2023.
While the prices of ETH posted Minor gains, Polygon (MATIC), Tron (TRX), and other coins are relatively stable when writing. Meanwhile, BNB, ripple (XRP), cardano (ADA), Litecoin (LTC), and Solana (SOL) are in Red, look at performance on the last day.
the performance of encryption assets It paints for the shift and flow of emotions of The capital of bank shares. Stores of Regional banks are mostly bearish and losers double numbers.
The Fed expects to raise interest rates
The Federal Reserve (Fed) will announce new interest rates today. based on on Reports, Economists Consensus for 25 basis points (bits per second) rate Funds interest rate raised to 5.25% highest in over 15 years.
minority of Analysts and investors believe that the Federal Reserve may raise interest rates by 50 basis points points to 5.5%.
Some feel like the rate The rate hike cycle will continue until interest reaches the 6% mark before the Fed decides to take a different action.
How the Fed acts now will indicate where its priorities lie: to tame inflation or bail out the banks facing Liquidity crisis made worse than before recordHigh interest rates.
